Sandfire Resources Reports Strong FY24 Growth

Sandfire Resources Limited (AU:SFR) has released an update.

Sandfire Resources Limited reported significant progress in FY24, with a 47% increase in copper equivalent production and a 40.1% rise in underlying EBITDA to $362.2 million, signaling a strong return to profitability in the second half of the year. The company also achieved a reduction in net debt by $34.0 million and established plans to further boost production by 13% in FY25, while maintaining effective cost control measures. This performance underscores Sandfire’s strategic advances, including a comprehensive exploration plan that aims to significantly increase reserves and enhance the company’s position in the market amid growing copper demand.

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